WOW.AX rises to highest close since May 5, 2015
Moving higher for the 3rd day in a row, WOW.AX finished the week 1.5% higher at 29.03 after gaining A$0.10 (0.35%) today. Today's closing price of 29.03 marks the highest close since May 5, 2015. Closing above Thursday's high at 28.93, Woolworths Ltd confirms its breakout through the prior session's high having traded A$0.26 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was A$0.26 (0.9%), that's below last trading month's daily average range of A$0.31. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.
Prices are trading close to a key support level at 28.88.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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|Closed above last periods high||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|3 Consecutive Higher Closes||TQ Pro Members Only|
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